Jim Cramer's Mad Money Lightning Round, 10/30/07: Buy Dry-Bulk Diana

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday October 30. Click on a stock ticker for more analysis:

Bullish calls:

Vodafone (NASDAQ:VOD): 'If you want to play worldwide telco, you've got to be to do it with VOD.'
Annaly Capital Management (NYSE:NLY): 'A quarter-point rate cut, I think you pick up a buck and a half... over the course of the next six weeks. A 50-basis-point rate cut and I think you see $20 almost instantly … NLY is the single best way to play rate cuts!'
Perry Ellis International (NASDAQ:PERY)NexCen Brands (NEXC): 'I think it's an interesting speculation, but I would rather recommend it on (Speculation) Friday... than today.'
Phillips-Van Heusen (NYSE:PVH)Synchronoss Technologies (NASDAQ:SNCR): 'I like the people that work there. I'm giving you two thumbs up.'
ValueClick (VCLK): 'The earnings are fine... the issue is scarcity. There are very few companies that can jump-start a web business like VCLK … I think VCLK will be bought by year-end, and I'm sticking my neck out!'
Apple (NASDAQ:AAPL): 'I think AAPL is still in good shape. Remember, I said cut the position in half, because we made so money here, but I am sticking with the other half of AAPL.'
Google (NASDAQ:GOOG): 'How about that Google today challenging the $700 level?!'
Research In Motion (RIMM)Furmanite Corporation (NYSE:FRM): 'I want to reiterate, the bulk shippers... people are throwing them all away. That's a mistake! I am backing it up on bulk shipping.'
Foster Wheeler (FWLT)Altria (NYSE:MO): 'There's a premium value here now in Altria.'
Colgate-Palmolive (NYSE:CL): 'CL had a better end market in Brazil [than PG].'
Diana Shipping (NYSE:DSX): 'People are just panicking on all Dry Bulk shipping... Can I explain that no one's ever made a dime panicking? You've got to take the other side of the panic... You've got to buy, not sell. I don't care if you already own some.'

Bearish calls:

J2 Global Communications (NASDAQ:JCOM): ' I frankly don't understand why this is a good business at all...Don't buy, don't buy, don't buy.'
3SBio (NASDAQ:SSRX): 'Didn't they just jail like 700 guys who were in that business over there?'
Vimpel-Communications (VIP): 'I worry about the risk in Russia.'
E-House (China) Holdings (NYSE:EJ): ' Ix-nay on China! That market is way too hot! Don't buy, don't buy... Now, I do not like China...'
ConAgra Foods (NYSE:CAG): 'Gary Rodkin, who is the terrific CEO of that company [said], 'my prices are through the roof' … I have enough problem with roofs. Don't buy, don't buy, don't buy.'
Synaptics (NASDAQ:SYNA): 'Don't buy, don't buy. I just think it's another one of these technologies, like voice recognition, that I just think are too hard.'
Procter & Gamble (NYSE:PG): 'Challenging quarter... I was disappointed. I've always expected that PG could finesse anything. It just shows you how out of control the raw costs are right now … PG's in the penalty box.'
Palm (PALM): 'We do not want to buy PALM. We want to sell it.'
Coach (COH): 'Still not there yet. Gotta go lower. I'm waiting for that stock to go down to $31-32...'